Says the Pebble team in a note to backers: "We are the most funded Kickstarter project ever thanks to you! The Pebble team and I really appreciate your commitment and backing. It's been an incredible couple of days and we're amazed at how many people share our vision. We're working extremely hard to produce the best Pebble we can."

The Pebble currently has 26,600 backers and has raised $3,830,579 including 7 buyers of $10,000 "mega distributor" packs that entitle them to 100 of the watches in any color.

Pebble is a smartwatch that syncs with iOS and Android via Bluetooth, including the addition of apps.

The company only hoped to raise $100,000 before May, and the project has clearly exceeded expectations. The watch will eventually retail for over $150.